Economy and commerce
Domestic technologies not attractive to Vietnamese businesses
The State budget every year funnels big money into national scientific research projects, but discoveries by scientists seem to have little significance in the eyes of businesses. Nguyen Huy Van, Deputy general director of Traphaco, a pharmacy firm, commented: “Scientists only show their initial ideas.” In other ...
New Members Appointed to Burma’s Investment Commission
The Myanmar Investment Commission (MIC) was reshuffled on 7 June to include 11 new members, the President’s Office announced on 8 June. Kyaw Win, Minister of National Planning and Finance, was appointed chairman, and Than Myint, Minister of Commerce, was appointed vice chairman. Aung Naing Oo, former secretary ...
Rice export data show consistent decline
Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General Department of Agriculture on 7 June. Rice exports in the first five months of this year totaled 234,328 tonnes, compared ...
Foremost producer to make Thailand Asean export hub
Netherlands-based Royal FrieslandCampina, the producer of Foremost dairy products, plans to make Thailand its Asean export hub. The company expects income from Asia to be contributing half of its total revenue globally within five years, chief executive officer Roelof Joosten said on 7 June. He said Thailand ...
MoIT to check Ninh Bình fertiliser plant for efficiency
The Ministry of Industry and Trade will, in June, inspect the Việt Nam Chemical Group and Ninh Bình Fertiliser Plant, a member company of Vinachem. The Ninh Bình Nitrogenous Fertiliser Plant has faced numerous difficulties in technology with regard to production of nitrogenous fertiliser from coal ...
A fundamental change needed for economic reforms
The change of the country’s economic structure has once again become a hot topic among business people and law makers following the recent general election. At an international seminar to discuss the World Bank’s report held recently by the Vietnam Chamber of Commerce and Industry, the ...
China takes over Thai fruit and vegetable industry
Chinese traders have gained control of the fresh fruit and vegetable segments of the Thai agriculture industry – negatively affecting the quality of produce shipped into Vietnam. Experts at the Vietnam Fruit and Vegetables Association also say there are legitimate concerns that Chinese domination of these ...
Textilers hitch their wagon to US market
If one asks which local sector has distinguished itself in terms of export quality and quantity to the US market over the past two decades, the textile and garment industry is most likely the obvious answer.According to statistics from the US Office of Textile and ...
Why the Mekong River is Asia’s next big investment locale
Japan recently announced a three-year, $7 billion investment deal to improve the infrastructure of the lower Mekong River region. This deal is a move to offset China’s growing economic influence within the region. Furthermore, because of geopolitical reasons, it will be beneficial to Japanese investors ...
Phillip Bank launches collateral-free credit
Singapore-based Phillip Bank announced on 2 June that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. The bank, which recently formed a lending partnership with New Union (Cambodia), a branch of a Singaporean credit ...
